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interest on amount deposited in bank after sale of house

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sushil (Querist)
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02 January 2010 when we sale house and deposit amount in to special bank a/c for claiming exemption u/s54.Is bank give interest on such deposits

CA.SHAHZAD SAYYED

CA.SHAHZAD SAYYED (Expert)
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02 January 2010 Dear Sushil
Interest on Bank Deposit shall be taxable as "Income from other Sources"

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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03 January 2010 Interest at the rate specified ,from time to time, by Reserve Bank Of India will be allowed and credited to the account at the end of each half-year.

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